Dallas Fed President Robert Kaplan said he is receptive to changes the central bank has considered to its policy-making framework that would allow interest rates to remain lower for longer by allowing inflation to rise modestly above its 2% target for some time. But Mr. Kaplan, in an interview with The Wall Street Journal on Thursday, said he would prefer to be patient and spend a few more weeks evaluating the path of the coronavirus and the U.S. economy before making further changes to the Fed’s policy stance. The Fed’s...

Source: Wall Street Journal July 17, 2020 14:26 UTC